DWSN vs NXTC: Correlation
Measured on weekly returns over the past three years, Dawson Geophysical Company (DWSN) and NextCure, Inc. (NXTC) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and NXTC?
Over the past 3 years, DWSN and NXTC moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.41 lands near the 3-year figure. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -4486.8 %².
NXTC is close to the least connected end of DWSN's tracked universe, ranking #17 of 17. Correlation aside, the last 12 months split them widely, with DWSN ahead by 78.2 points (+93.5% versus +15.3%). One caveat on sizing: NXTC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DWSN vs NXTC: side by side
| DWSN (Dawson Geophysical Company) | NXTC (NextCure, Inc.) | |
|---|---|---|
| 1-year return | +93.5% | +15.3% |
| 5-year return | +93.2% | -93.2% |
| Volatility (ann.) | 86.8% | 160.1% |
| Beta vs S&P 500 | -0.14 | 1.18 |
| Max drawdown (3Y) | -64.3% | -94.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DWSN | NXTC |
|---|---|---|
| 2022 | -15.5% | -76.5% |
| 2023 | -6.6% | -19.1% |
| 2024 | -14.2% | -32.4% |
| 2025 | +16.4% | +53.4% |
| 2026 | +108.3% | -57.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and NXTC good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between DWSN and NXTC?
As of 2026-08-27, the correlation of weekly returns between DWSN and NXTC is -0.32 over 3 years, -0.41 over 1 year and -0.22 over 5 years.
Is NXTC a good diversifier for DWSN?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
A reading of -0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dwsn-vs-nxtc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dwsn-vs-nxtc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DWSN correlations · NXTC correlations
